5 ms·

I really wish they'd televise this. I'd love to watch the bidding process.

by latchkey 4y ago

htag 4y ago
It's probably closer to making an offer on a house than a live auction event.
- mixdup 4y ago
  yeah, this would not be excited in the least. watching a dozen emails come in would be quite boring
  - hedora 4y ago
    They manage on presidential election night. I’d watch it just for the ads. Crypto startups? Top shelf whiskey?
  - robswc 4y ago
    Speak for yourself haha Yes, its boring emails... but emails that involve billions of dollars. Also the timely aspect of it would be a bit entertaining...
- thechao 4y ago
  Except the previous owner gets a Snickers bar instead of, say, the cash equivalent of the house.
  - weard_beard 4y ago
    Heath bar at best. Definitely not 100 grand or a payday.
deleted 4y ago
[deleted]
rtp4me 4y ago
No kidding. It would be fascinating to see who joins the bidding process and what kind of leverage/collateral they use.
RC_ITR 4y ago
The PiP of men doing excel. The angry call from a boss about an unclear footnote. The suspense!
- deleted 4y ago
  [deleted]
paxys 4y ago
It's probably a lot less exciting than you imagine. Wait for the movie in a few years.
- moomoo11 4y ago
  Who would you cast for what roles?
  - paxys 4y ago
    Just reuse the entire cast of Silicon Valley. About the same level of competence in this situation.
    - zamnos 4y ago
      Scene: Erlich Bachman's house in Palo Alto. The team is sitting in the den around their computers. We see Jin-yang on the TV with a chyron saying he's the new owner of SVB, now DINB, and that depositors now own equivalent to their deposits in PiperCoin. Erlich Bachman storms into the room, bellows: Jay Powww!
      - deleted 4y ago
        [deleted]
  - ejb999 4y ago
    Jim Cramer could play the CEO.
    - echelon 4y ago
      With AI, he doesn't even need to show up to set.
    - bloodyplonker22 4y ago
      Cathie Wood would play the chief risk officer.
fbdab103 4y ago
Are you imagining something like the Microsoft Excel Stream[0]? [0]: https://www.youtube.com/watch?v=xubbVvKbUfY https://www.youtube.com/watch?v=xubbVvKbUfY
JacobDotVI 4y ago
Not an FDIC auction, but if you’re interested in what this sort of bidding looks like the book Barbarians at the Gate details the LBO auction of RJR Nabisco. That auction was a lot of bankers squired away in conference rooms on separate floors of an office building while the auctioneers walked bids between the various groups.
- formercoder 4y ago
  Sadly it doesn’t work this way anymore. You just send a heavily lawyered pdf bid letter by email.

I really wish they'd televise this. I'd love to watch the bidding process.

htag 4y ago

It's probably closer to making an offer on a house than a live auction event.

mixdup 4y ago
yeah, this would not be excited in the least. watching a dozen emails come in would be quite boring
- hedora 4y ago
  They manage on presidential election night. I’d watch it just for the ads. Crypto startups? Top shelf whiskey?
- robswc 4y ago
  Speak for yourself haha Yes, its boring emails... but emails that involve billions of dollars. Also the timely aspect of it would be a bit entertaining...
thechao 4y ago
Except the previous owner gets a Snickers bar instead of, say, the cash equivalent of the house.
- weard_beard 4y ago
  Heath bar at best. Definitely not 100 grand or a payday.

deleted 4y ago

[deleted]

rtp4me 4y ago

No kidding. It would be fascinating to see who joins the bidding process and what kind of leverage/collateral they use.

RC_ITR 4y ago

The PiP of men doing excel. The angry call from a boss about an unclear footnote. The suspense!

deleted 4y ago
[deleted]

paxys 4y ago

It's probably a lot less exciting than you imagine. Wait for the movie in a few years.

moomoo11 4y ago
Who would you cast for what roles?
- paxys 4y ago
  Just reuse the entire cast of Silicon Valley. About the same level of competence in this situation.
  - zamnos 4y ago
    Scene: Erlich Bachman's house in Palo Alto. The team is sitting in the den around their computers. We see Jin-yang on the TV with a chyron saying he's the new owner of SVB, now DINB, and that depositors now own equivalent to their deposits in PiperCoin. Erlich Bachman storms into the room, bellows: Jay Powww!
    - deleted 4y ago
      [deleted]
- ejb999 4y ago
  Jim Cramer could play the CEO.
  - echelon 4y ago
    With AI, he doesn't even need to show up to set.
  - bloodyplonker22 4y ago
    Cathie Wood would play the chief risk officer.

fbdab103 4y ago

Are you imagining something like the Microsoft Excel Stream[0]? [0]: https://www.youtube.com/watch?v=xubbVvKbUfY https://www.youtube.com/watch?v=xubbVvKbUfY

JacobDotVI 4y ago

Not an FDIC auction, but if you’re interested in what this sort of bidding looks like the book Barbarians at the Gate details the LBO auction of RJR Nabisco. That auction was a lot of bankers squired away in conference rooms on separate floors of an office building while the auctioneers walked bids between the various groups.

formercoder 4y ago
Sadly it doesn’t work this way anymore. You just send a heavily lawyered pdf bid letter by email.